pizzalover6004 pizzalover6004
  • 22-10-2018
  • History
contestada

Tania is interested in buying a $135,000 home. How big does her down payment need to be in order to avoid PMI?

Respuesta :

cellistsfuturistic
cellistsfuturistic cellistsfuturistic
  • 31-10-2018

To avoid Primary Mortgage Insurance (PMI) ,you need to have the loan balance be 80% or less of the home value.Therefore,Tania needs to give a down payment of at least 20% of $135000

= 20/100 * 135000 = $27000

So Tania needs to pay $27000 down payment or more in order to avoid PMI( Primary Mortgage Insurance ).

Answer Link
itzelcoutino19 itzelcoutino19
  • 31-01-2020

Answer: $27,000 APEX

Answer Link

Otras preguntas

Which represents a quadratic function? f(x) = −8x3 − 16x2 − 4x f (x) = x 2 + 2x − 5 f(x) = + 1 f(x) = 0x2 − 9x + 7
I need help please and thank you!!!!
What can you infer about the British soldiers
What was Meriwether Lewis's job before the expedition? He was Thomas Jefferson's personal secretary. He was governor of Virginia. He was . He was a silversmith.
why is a square also a rhombus?
The bench by the pond was dirty. * whats the subject complement
MO TO What effect does the word "dread" have compared to the word "fear" that the writer could have used? Ded It has a more neutral connotation than "fear." * I
Why are investment and savings so low in developing countries? Instructions: In order to receive full credit, you must make a selection for each option. For cor
During the war, Americans: Select one: a. experienced the rationing of scarce consumer goods such as gasoline. b. were told that the end of war might bring a re
NEED HELP!! #6,7,8 PLEASE